PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Short Interest Up 128.3% in April

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 41,029 shares, an increase of 128.3% from the April 15th total of 17,972 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 39,689 shares, the short-interest ratio is presently 1.0 days.

PIMCO Low Duration Exchange-Traded Fund Trading Down 0.2%

Shares of PIMCO Low Duration Exchange-Traded Fund stock traded down $0.15 during trading on Friday, reaching $95.30. 69,150 shares of the stock traded hands, compared to its average volume of 86,623. The business has a fifty day simple moving average of $95.62 and a two-hundred day simple moving average of $95.92. PIMCO Low Duration Exchange-Traded Fund has a 52-week low of $95.07 and a 52-week high of $96.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Clearstead Advisors LLC purchased a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the third quarter valued at $26,000. Kingdom Financial Group LLC. purchased a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the fourth quarter valued at $28,000. International Assets Investment Management LLC grew its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 1,025.8% in the first quarter. International Assets Investment Management LLC now owns 349 shares of the company’s stock valued at $33,000 after purchasing an additional 318 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the fourth quarter valued at $36,000. Finally, Arax Advisory Partners purchased a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the fourth quarter valued at $49,000.

About PIMCO Low Duration Exchange-Traded Fund

The PIMCO Enhanced Low Duration Active Exchange-Traded Fund (LDUR) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed broad-market, investment-grade bond fund with target duration between 1-3 years. LDUR was launched on Jan 22, 2014 and is managed by PIMCO.